M&A Deal Summary

Phoenix Equity Partners Acquires Nationwide Autocentres

On February 17, 2006, private equity firm Phoenix Equity Partners acquired automotive company Nationwide Autocentres from Stage Capital for 49M GBP

Acquisition Highlights
  • This is Phoenix Equity Partners’ 1st transaction in the Automotive sector.
  • This is Phoenix Equity Partners’ 11th largest (disclosed) transaction.
  • This is Phoenix Equity Partners’ 11th transaction in the United Kingdom.
Investment Fate
  • Nationwide Autocentres was sold to a publicly-traded strategic buyer in 2010 for 73M GBP.
  • Nationwide Autocentres was sold to a strategic buyer in 2010 for 73M GBP.

M&A Deal Summary
Date 2006-02-17
Target Nationwide Autocentres
Sector Automotive
Buyer(s) Phoenix Equity Partners
Sellers(s) Stage Capital
Deal Type Secondary Buyout
Deal Value 49M GBP

Target

Nationwide Autocentres

Solihull,West Midlands, United Kingdom
Nationwide Autocentres was formed to implement a “Buy & Build” strategy in the independent car servicing sector. The initial 41 centres (£10m sales) were grown by acquisition to 213 centres (£80m sales) at exit making Nationwide the UK’s leading chain of vehicle repair specialists.

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Buyer(S) 1

Buyer

Phoenix Equity Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Phoenix Equity Partners is a mid-market private equity firm that funds management buyouts and buy-ins, and provides expansion capital for UK-based companies. Phoenix looks for opportunities valued up to £200 million. Target sectors include consumer, leisure, retail, financial services, healthcare, education, media, transportation/logistics, and business services. Phoenix Equity Partners was formed in 2001 and is based in London.

DEAL STATS #
Overall 13 of 56
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 2 of 16
Country (United Kingdom) 11 of 52
Year (2006) 2 of 7
Size (of disclosed) 11 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-01 Radley

London, United Kingdom

Radley is a well-known British handbag and accessories brand in the rapidly growing affordable luxury market with a multi-channel business and established distribution network covering the Europe, and Asia. Radley was founded in 1998 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-09 Letts Filofax Group

Dalkeith, United Kingdom

Letts Filofax Group Ltd. is a manufacturer and supplier of stationery items for retail and business markets.

Buy £45M

Seller(S) 1

SELLER

Stage Capital

London, United Kingdom

Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 900M EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Stage Capital is a private equity firm that seeks investments in middle-market businesses operating in traditional industries serving as the 'backbone' of the economy. The Firm focuses its investment activity across the UK and Europe and looks for opportunities valued between €10 and €15 million where Stage Capital can invest €5 to €25 million. Stage Capital will not invest in start-ups or early stage companies. Stage Capital was formed in 2000 and is based in London with additional offices in Paris and Istanbul.

DEAL STATS #
Overall 2 of 20
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 1 of 7
Country (United Kingdom) 2 of 12
Year (2006) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-1 Superglass

Stirling,Scotland, United Kingdom

Superglass is the UKs second largest manufacturer of glass wool insulation (principally for lofts and cavity walls in domestic homes).

Buy £40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-01 Ochre House

London, United Kingdom

Ochre House Limited provides both permanent and temporary staff in a broad range of sectors, operating through three divisions: 1)Education Division provides teaching staff and teaching assistants to schools of all age groups throughout the UK (t/a Mark Education and International Teachers Network). 2)Commercial Division provides specialist retail and leisure staff (t/a The Buzz), accounting and office support staff (t/a Parkside Recruitment) and legal staff (t/a ASA Law). 3)Resource Process Outsourcing (RPO) Division allows clients to outsource their entire HR function, providing a strategic approach to resourcing and talent management.

Buy -
Mergr

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